Bitcoin crush the altcoins?!

[mr_random]

It is true bitcoin has crushed the altcoins. But there are some of the altcoins those are  in green in the market and it will take time for the bitcoin to crush them.

The current market situation is not affordable for getting in the altcoins with huge amounts. Many investors prefer to see growth rather than saving their money in the savings account. The recession phase is not done yet, altcoins still have a bigger room for worldwide adoption. Straight facts are the name of the power which doesn't let the investors invest more Bitcoin in the altcoins. The mass adoption will bring new features and the requirements will shift to the new level from my conclusion. The correction is the entry points of the active traders, overlooking the trade levels will not give an additional profit to the crypto day traders in my view. 

[yohananaomi]

It is true bitcoin has crushed the altcoins. But there are some of the altcoins those are  in green in the market and it will take time for the bitcoin to crush them.

Altcoin is indeed correct as you said that the price dropped because it was influenced by bitcoin. but not all altcoin is affected and can still be good and they are also quite strong from the bitcoin movement. I hope that at the end of the year all altcoins can grow and produce the best.

[thesosorr]

in opinion it is true that not everyone who is gathered into this forum really has to have a bond that always clings to income which for the past two years has been somewhat awkward by the destroyers of altcoin.

[Questat]

It is true bitcoin has crushed the altcoins. But there are some of the altcoins those are  in green in the market and it will take time for the bitcoin to crush them.

Altcoin is indeed correct as you said that the price dropped because it was influenced by bitcoin. but not all altcoin is affected and can still be good and they are also quite strong from the bitcoin movement. I hope that at the end of the year all altcoins can grow and produce the best.

Maybe you are just talking of less than 1% of the total altcoins in the market that are not affected, based on my observation, majority of the altcoins have dropped and ETH is a good example and it's the king of altcoins based on its ranking, but until now it still struggles to make a rally and come back to its good price, and if ETH as the king of altcoins struggle, it's expected a not so popular altcoins will also have the same struggle.

[javainn]

The big problem with this statement and picture is that people actually think Bitcoin is out there to crush altcoins.

This is not the case at all,,, in fact the only ones that ever wanted to become Bitcoin killer is altcoins. Bitcoin does its own thing. It does not care about others. It is not even out there to crush fiat. Everybody else sees BTC as the threat but this is not the case at least from Satoshi and user viewpoints.

many misconceptions in understanding the meaning of bitcoin and altcoin, now I think maybe bitcoin is one of the coins that has the best potential. this triggers a non-fundamental statement if bitcoin will destroy altcoin, even though I don't think it will be easy for bitcoin to destroy bitcoin. we can see as in 2017 if altcoin has benefited greatly from the rise in bitcoin and the price of altcoin has also been pushed to the top

[ici_lemmy]

Altcoins fans might be a little frustration because seeing the price always be beyond out their expectation and it's hard to get benefit from altcoins but i don't think bitcoin is the caused and as you can see too bitcoin price not more better than altcoins price movement because since last year bitcoin price too seems hard to bounce back although people were speculate about the price but we still cannot see better price

I think Bitcoin is now a stable coin at any stage and is always considered the best choice if you choose to invest long-term. Apart from Bitcoin, there is not any coin that has a stable growth like Bitcoin so altcoin is not a good choice if you choose to invest in this bear market. The best advice for you is to wait a few more years for the market to recover best because only the market is stable, investors can earn good profits.

[slaman29]

The current market situation is not affordable for getting in the altcoins with huge amounts.

Doesn't matter huge amounts or small. You simply stick to the biggest and most important tule of all. Never invest what you can't afford to lose.

In other words. Money you CAN afford to lose, that's what you put into investments like these. If you need the money later or some other time, don't use it.

Doesn't matter $1 or $100. Just apply the rule.

Altcoins are just so, so risky.

[Lampohtapek]

I think it's a big mistake if bitcoin is considered an altcoin destroyer, because bitcoin is the best choice to invest now, another thing with altcoin growth is very slow, and unstable that's why investors are reluctant to buy it,

[livingfree]

I think it's a big mistake if bitcoin is considered an altcoin destroyer, because bitcoin is the best choice to invest now, another thing with altcoin growth is very slow, and unstable that's why investors are reluctant to buy it,

But what's your opinion by looking at the crypto market. It seems that every altcoin is stumbling while bitcoin is rising. It wouldn't be a big mistake if you call bitcoin as an altcoin destroyer because I think you have saw it before when bitcoin is up, alts are down.

There are alts that investors would love to buy and I have alts which I really desire to have. If depends on what are those altcoins that are slow in growth, the market hasn't fully recovered from the long bear market we've been.

[daniel002]

The movement of Bitcoin is very difficult to predict that's why altcoins are also wondering if its going to follow the bear market of bitcoin/ doing its trend by itself. Most altcoins are down but some altcoins are still doing their best and making future developments to make the price stable and make the project sustaining.

[Javi_Anibarro]

Bitcoin is not an altcoin destroyer, I think altcoin rises with bitcoin, if bitcoin prices go up then altcoin also goes up, we are positive with current market prices, not all altcoins go down because of falling prices for bitcoin because unlike in 2017, the biggest mistake is if you consider bitcoin as an altcoin prostitute, let's wait for the growth of altcoin when the time comes

No, Altcoin doesn't go up when the price Bitcoin goes up, what we see instead is that Altcoin experiences a decrease in price when the price Bitcoin goes up. Now it's not same as in 2017 where the price Bitcoin increases so the price Altcoin also goes up.

And you forget another thing, when Bitcoin goes down altcoin also goes down. We are in the middle nowhere right now, and the only thing we can do is doing our own research and believe in everything that we have done. If you are sure about your investment, then hold it. And if you do not know what to do, stay away from it.

[poornamelessme]

And you forget another thing, when Bitcoin goes down altcoin also goes down. We are in the middle nowhere right now, and the only thing we can do is doing our own research and believe in everything that we have done. If you are sure about your investment, then hold it. And if you do not know what to do, stay away from it.

The last couple of months has been different than altcoin movement we witnessed in the past. Or at least what I have seen. BTC can do a zig-zag up and down, landing at exactly where it started, and alts lose each step of the way.

BTC goes up, Alts go down (in relation to BTC). Some may go up in fiat, but only a smaller percentage compared to BTC. Not that unusual. What is unusual is that alts don't regain any value even after a waiting period ... and it's the entire alt market, not just some alts.

BTC goes down, Alts go down (in relation to BTC and fiat). That is a little unusual unless BTC is crashing. Typically smaller BTC corrections shouldn't cause Alts to lose in relation to BTC.

BTC consolidates, apparently Alts go down just at a slower pace. Alts never regain their losses or even hold their own even with smaller BTC movements. This is also unusual.

[suzanne5223]

And you forget another thing, when Bitcoin goes down altcoin also goes down. We are in the middle nowhere right now, and the only thing we can do is doing our own research and believe in everything that we have done. If you are sure about your investment, then hold it. And if you do not know what to do, stay away from it.

BTC goes down, Alts go down (in relation to BTC and fiat). That is a little unusual unless BTC is crashing. Typically smaller BTC corrections shouldn't cause Alts to lose in relation to BTC.

BTC consolidates, apparently Alts go down just at a slower pace. Alts never regain their losses or even hold their own even with smaller BTC movements. This is also unusual.

I don't see anything unusual about the momentum trend poses by the altcoin market despite the fact that the bitcoin market slightly gains some uptrend in price because most investors and arbitrage traders are accumulating, investing and holding more bitcoin than the altcoin.

he’ll destroy the alt-scam, but I’ll continue to do good projects; for example, I want to take part in IEO of one project and I think it’s perspective its name is BTZC

You're right because this current market and market correction season are definitely the time when scam project usually vapourize off the crypto market. But, I hope you understand how to select good project per IEO because how good a project is during IEO doesnt mean it will be successful in future.

[sempak]

Not devastating but indeed the effect of an increase in price on bitcoin or a fall in prices makes altcoin a price decline. and this is certainly the effect. there is nothing wrong in this case the fluctuating market can benefit us

[lab rat hoax]

I think the bitcoin dominance in the market is high enough, but this is not enough reason to start an altcoin season because marketcap value is falling, withdrawing money from the market. Maybe in the following months a fomo is occurs and we see the mini alt season. You may be right. I don't see any reason why a altcoin season doesn't start in November and December. For this, the crypto currency market needs new investors but I have no idea how this happens

[sniveling]

Not devastating but indeed the effect of an increase in price on bitcoin or a fall in prices makes altcoin a price decline. and this is certainly the effect. there is nothing wrong in this case the fluctuating market can benefit us

I doubt that such strong fluctuations benefit the cryptocurrency market. Money loves silence and the absence of strong price fluctuations. We can even see how small the total cryptocurrency market capitalization is now.

[lumierre]

I think the bitcoin dominance in the market is high enough, but this is not enough reason to start an altcoin season because marketcap value is falling, withdrawing money from the market. Maybe in the following months a fomo is occurs and we see the mini alt season. You may be right. I don't see any reason why a altcoin season doesn't start in November and December. For this, the crypto currency market needs new investors but I have no idea how this happens

According to bitcoin maximalists, all altcoins are garbage that exists only for speculation on their price. One of these Bitcoin maximalists is the well-known trader Tony Weiss, who has repeatedly said that all alternative cryptocurrencies are nothing more than an attempt to print and sell someone their money. However, I do not think that it is true, and alts will show soon their better sides.

[VeeTeaSee]

its always going up and down
expect it going between 20% dominance and 80% in the next few years

[gaston castano]

Bitcoin crush the altcoins definetly or the altcoins will bounce back like December 2017, January 2018?
What's your opinion?

it's true that bitcoin destroyed it, I think altcoin will be difficult or maybe never come back again, it was just a coincidence when the pump happened in 2017. Altcoin can only go up if it's flying high.

What are you talking about? Most altcoins are in green as well. This is something really different unlike 2017. With many crypto adoption and news about big companies this is really something good for the whole market. Of course, btc will dominate the market.

you only see a small portion of it, you notice that on average they drop above 80%.
even there is more than 90%

[MathGame]

Bitcoin crush the altcoins definetly or the altcoins will bounce back like December 2017, January 2018?
What's your opinion?

Yes, the altcoins will bounce back it's just a matter of time.  The bitcoin price got massive pumped from April to July where the price grew from $3k - $13k. We have now witnessed what called a bitcoin bull run,  we should now wait for the altcoins bull run.